Banco Popular Español
From Wikipedia, the free encyclopedia
| Banco Popular Español, S.A. | |
 |
|
| Type | Public |
|---|---|
| Founded | 1926 |
| Headquarters | Madrid, Spain |
| Key people | Ángel Ron (Chairman of the board), Francisco Fernández Dopico (CEO) |
| Industry | Financial Services |
| Products | Banking and insurance |
| Revenue | €2.764 billion (2005) |
| Employees | 13,800 (2005) |
| Website | http://www.bancopopular.es/ |
Banco Popular Español, S.A., (IBEX-35:POP) is the third largest banking group in Spain. The group consists of the following companies:
- A national bank: Banco Popular Español
- Five regional banks: Banco de Andalucía, Banco de Castilla, Banco de Crédito Balear, Banco de Vasconia, Banco de Galicia
- A mortgage bank: Banco Popular Hipotecario
- A subsidiary in France: Banco Popular France
- A subsidiary in Portugal: Banco Popular Portugal
- A separate Internet bank: bancopopular-e.com
- Representative offices abroad: Belgium, Chile, Germany, Hong-Kong, Caracas, Morocco, Netherlands, Switzerland (Geneva and Zürich), London.
[edit] History
- 1926: Founding of Banco Popular Español (BPE)
- 1968: BPE opens a representative office in Paris that became a subsidiary that by 1991 had a network of 14 branches in France.
- 1992: BPE converts its subsidiary in France into a joint venture with Banco Comercial Portugués under the name Banco Popular Comercial.
- 2000: BPE establishes a network of branches in Portugal.
- 2002: BPE and Banco Comercial Portugués part ways; Banco Popular Comercial becomes a wholly owned subsidiary of Banco Popular and changes its name to Banco Popular France. In Portugal, Banco Popular buys Banco Nacional de Crédito (BNC) and transfers its exisiting branches there to BNC. Later, in 2005, BNC would change its name to Banco Popular Portugal.
